U.S. Secretary of State Hillary Clinton has urged China to cooperate on formulating an international response to North Korea and Iran. Clinton said there are few global problems that can be solved by the United States or China acting alone or without them working together.In her opening remarks to the high-level Strategic and Economic Dialogue that got underway in Beijing today, she pointed to North Korea and Iran as two cases where strong U.S-China relations are vital. Clinton said they face a serious challenge, provoked by the sinking of the South Korean ship. She said the US and China must therefore work together to address this challenge and advance the shared objectives for peace and stability on the Korean peninsula. Clinton also pointed to the recent negotiations among the five permanent members of the U.N. Security Council, which include China and the U.S., in agreeing on a draft resolution that would impose new measures on Iran for its suspect nuclear program. Non-tax revenue from 3G auction will help in fiscal consolidation: ChawlaUnion Finance Secretary, Ashok Chawla said on Monday, non-tax revenue expected from 3G auction will help in fiscal consolidation. He told reporters in New Delhi that no liquidity crunch is likely in the system owing to the 3G auction.